Anoka, Minn., October 2005 – Pentair, Inc. (NYSE: PNR) announced its intent to purchase certain assets of APW Ltd., including McLean Midwest, Electronic Solutions, and Aspen Motion Technologies, Inc. This announcement strengthens Hoffman Enclosures by adding critical thermal management solutions for manufacturing, packaging, material handling, processing, data communications, networking, and electrical industries to Pentair’s Enclosures Group. The acquisition is expected to be completed in the fourth quarter of 2005. As part of the Pentair Enclosure Group, Hoffman is a leading enclosure designer and manufacturer. Hoffman and McLean have been previously affiliated through a private labeling supply agreement. McLean is a leader in the design and manufacture of air conditioning, cooling, and other thermal management products for electrical and electronic equipment. The integration of these technologies and systems into Hoffman’s enclosure product offerings will expand Hoffman’s product offering in a variety of markets where thermal management has become a critical issue.“With this acquisition, Pentair enhances Hoffman’s position among global providers of quality enclosures and related technical products to protect our customers’ electrical and data networking infrastructures from failure due to excessive heat or other thermal management problems,” said Hoffman’s President Del Nickel. “We expect this acquisition to accelerate Hoffman’s ability to develop new and innovative equipment protection solutions, creating greater value for our customers in the enclosures segment.”“Thermal management is an increasingly important factor for our current and prospective customers,” noted Nickel. “With more than 60 years of experience and Pentair’s strong commitment to our business, Hoffman has the resources and expertise to expand the availability of thermal management solutions by utilizing and expanding McLean’s products and technologies.”About Hoffman Hoffman, based in Anoka, Minn., is a part of the Pentair Enclosures Group. Other businesses in the Enclosures Group include Pentair Electronic Packaging, Schroff, Pentair Enclosures Europe, and Pentair Enclosures Asia. Hoffman is a leading designer and manufacturer of systems that safely and reliably protect electronic controls and mission critical electrical systems in industrial, data communications, commercial construction and government applications. With 60 years of experience, extensive technical expertise and a vast distribution network, Hoffman is recognized as an industry leader providing a broad range of standard, modified and custom enclosure solutions, serving customers worldwide. Visit www.hoffmanonline.com for more information.About Pentair, Inc.Pentair (www.pentair.com) is a diversified operating company headquartered in Minnesota. Its Water Group is a global leader in providing innovative products and systems used worldwide in the movement, treatment, storage and enjoyment of water. Pentair’s Enclosures Group is a leader in the global enclosures market, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components. With 2004 revenues from continuing operations of $2.28 billion, or $2.76 billion on a pro forma basis, Pentair has approximately 13,000 employees worldwide.
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